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Pending Home Sales Jump in March

Mortgage News > Pending Home Sales Jump in March
Date: 04/30/2019    Pending Home Sales Jump in March

Home buyers stepped up their game in March, with pending home sales rising 3.8% over February, according to the National Association of Realtors, blowing past analyst expectations. Signed sales contracts were still down 1.2% compared with a year earlier, however, marking 15 consecutive months of year-over-year decreases. The jump in pending home sales in March was aided by a dip in mortgage rates to their lowest levels in roughly a year.

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